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HomeEconomyNew Vehicle Sales in Russia Collapsed by 82% in June

New Vehicle Sales in Russia Collapsed by 82% in June

The top 10 brands in Russia and their struggles.

By Wolf Richter for WOLF STREET.

New vehicle sales have been a mess in all countries for the past two years – in the US, they were down 25% in June compared to June 2019 – hampered by supply issues, semiconductor shortages, and various lockdowns, including the lockdowns in Shanghai that are further messing up supply chains. For some European automakers, Russia’s invasion and bombing of the Ukraine disrupted the flow of components from the Ukraine.

But new vehicle sales in Russia are in a category of their own, in terms of how far they collapsed and what chaos they face.

In June, sales of passenger cars and light commercial vehicles (LCVs) plunged by 82% from June last year to 27,761 vehicles, after having plunged by 84% in May and by 79% in April, according to the Russia-based Association of European Businesses, which collects and reports the data on this industry. Auto…

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